An “essential tool to help relaunch the national economy and attract foreign property investors” has been launched by several Portuguese entities, taking into consideration the circumstances of the COVID-19 pandemic.
Named the ‘Real Estate Investors Roadmap’, the digital guide provides foreign investors with all the necessary information they need to invest in Portugal’s property sector in this challenging period.
Launched for the second time – and in very different circumstances –, the guide recognises that “Portugal is an excellent country in which to invest, do business and live”. However, this edition includes the “many steps that should be taken by investors, as well as the legal framework and the constraints imposed by the Covid-19 pandemic”.
A roadmap for investment
The new roadmap (in English and designed to be an easy-to-read document) contains practical and systemised information on various aspects of real estate investment, comprising a true map for the strategic investment of the international investor.
The digital guide was created by AICEP Portugal Global (the national investment and foreign trade agency) and the Portuguese Chamber of Commerce and Industry (CCIP), in partnership with the Portuguese Association of Real Estate Developers and Investors (APPII), consulting company JLL and the law firm Morais Leitão.
Recognising the “highly skilled talent, world-class infrastructure, business-friendly environment and easy access to markets” of Portugal, the guide notes the dynamism of the Portuguese real estate market before the pandemic hit.
But it adds: “The health crisis we are living through and the consequent economic crisis threaten to interrupt this growth. However, many of the factors that made Portugal (…) so attractive, especially to foreign investment, have not disappeared.”